WORLD MUSIC INSTITUTE INC

EIN: 133323045 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$889,169
Total Expenses
$863,683
Total Assets
$559,512
Net Assets
$528,838
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NY
Principal Officer
GABRIELE SAPPINGTON
Phone
2125457536
Tax Period
2024-07-01 to 2025-06-30

WORLD MUSIC INSTITUTE INC, founded in 1985, is a small nonprofit in the Arts, Culture & Humanities sector that reported $889K in total revenue in fiscal year 2024.

Mission

WORLD MUSIC INSTITUTE IS COMMITTED TO PRESENTING THE BEST IN TRADITIONAL AND CONTEMPORARY MUSIC AND DANCE FROM AROUND THE WORLD TO ENRICH LIVES THROUGH THE ARTS, PROMOTE AWARENESS AND APPRECIATION OF THE WORLDS RICH CULTURAL TRADITIONS AND ENCOURAGE CROSS-CULTURAL DIALOGUE AND EXCHANGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $464,536
Program Service Revenue $417,319
Investment Income $7,314
Other Revenue $0
TOTAL REVENUE $889,169

Expense Breakdown

Grants Paid $0
Salaries & Benefits $331,133
Fundraising Expenses $22,556
Program Expenses $727,838
Other Expenses $532,550
TOTAL EXPENSES $863,683

Year-over-Year Comparison

2024 2023 Change
Revenue $889,169 $878,500 +0.0%
Expenses $863,683 $866,079 0.0%
Net Income $25,486 $12,421 +1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
8

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$126,789
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW FAULKNER DIRECTOR/CHAIR 1.50
Officer Director
$0 $0 $0
DAISY PARADIS DIRECTOR 1.50
Director
$0 $0 $0
ZETTE EMMONS DIRECTOR/SECRETARY 1.50
Officer Director
$0 $0 $0
MOEZ DORAID DIRECTOR 1.50
Director
$0 $0 $0
JOHN HABEL DIRECTOR 1.50
Director
$0 $0 $0
SARAH MARCHAL MURRAY DIRECTOR 1.50
Director
$0 $0 $0
STEVAN NICHOLAS DIRECTOR 1.50
Director
$0 $0 $0
VIRGINIE DHOUIBI DIRECTOR 1.50
Director
$0 $0 $0
GABRIELE SAPPINGTON EXECUTIVE DIRECTOR 40.00
Officer
$115,000 $11,789 $126,789
SOON-YOUNG YOON DIRECTOR 1.50
Director
$0 $0 $0
NICOLE JONES MILLS DIRECTOR 1.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $889,169 $863,683 $559,512 $25,486
2024 No data No data No data No data
2023 $743,974 $795,282 $503,484 $-51,308
2022 $937,903 $687,703 $564,785 $250,200
2021 $507,322 $486,146 $372,512 $21,176
2021 $497,495 $486,146 $362,685 $11,349
2020 $726,885 $610,785 $342,545 $116,100
2019 $791,411 $781,824 $205,262 $9,587
2018 $1,078,875 $1,005,554 $274,048 $73,321
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